Transferring Roth IRA at ING to Vanguard

[CobraGoat]

For whatever dumb thoughtless reason, I opened up a Roth IRA at ING (in a fund I now dislike b/c exp. ratio is too high)and want to transfer those funds over to a Vanguard account (want to just stick the money in a target retirement account)?

Is this possible or is that money stuck with ING? Are there any tax penalties associated with this sort of transfer?

[ItalianFX]

You can do a rollover I think? I'm not sure of the technical name. I have been in the process of transferring from Fidelity to American Funds, but I'm in the process of nuking that.

[Big TR]

Unless you are in a back-loaded mutual fund with ING, it will cost you nothing to transfer these funds to Vanguard.

There are no tax implications in doing this transfer.

[Pete]

there could be a small fee to transfer the account out, but not tax penalties

[gull]

This is very possible. ING may charge you a small fee, however.

Typically, you just have to fill out transfer forms for the receiving company (Vanguard, in your case), and they will do the rest for you.